Binance Plans To Expand Business In Singapore
Reports claimed that Binance Exchange is hiring developers to expand their offices in Singapore. There are total of 261 positions available right now.
According to the current time record from the linkedin profile, talent Binance is hiring for their open positions. They are recruiting future growth managers to content strategists and blockchain developers. There are a total of 261 positions open. While 259 were open in July beginning for entry-level, associate-level or middle-senior levels. While the bourse only has two openings in the United States and China respectively.
In the last 5-6 months, Binance received lots of issues for their operations under Crypto Exchange from many countries’ regulators, but they didn’t not get any type of notice from Singapore’s authorities. Singapore’s de facto central bank, the Monetary Authority of Singapore, hasn’t issued or warned anything about Binance services yet.
Read also: It is risky to run crypto exchange : Binance CEO
Binance is running their services in Singapore under a license as part of transitional arrangements under the Payment Services Act for the provision of digital services. They are running their services under the name of Binance Asia Services.
Here Binance is not only the exchange which is looking to expand & grow their crypto business in Singapore. There is another crypto service ” Babel Finance” which is ready to take over the crypto market of Singapore. Babel Finance raised around $40 million fund and also they received a relevant license from MAS. Right now Babel Finance is operating their services as a crypto lending services, now they are planning to provide crypto trading services at a huge level to grow their crypto business.
Read also: Binance Will Reduces Trading Leverage & Delist Three Fiat Pairs
